First Carolina’s Virginia Conference Marks Attempt to Conquer Old Dominion

As it attempts to increase its footprint in neighboring Virginia, the $1.4 billion First Carolina Corporate Credit Union said Wednesday it’s looking forward to a Financial Strategies Conference scheduled for March 27 in Richmond.

“First Carolina is very excited to begin offering educational opportunities for the credit unions in Virginia,” said Fred Eisel, senior vice president and chief financial officer of the Greensboro, N.C.-based corporate.

“We have a large number of credit unions in the state who utilize a variety of First Carolina services and found there was demand for continuing education on a number of subjects,” Eisel said.

“Our Financial Strategies Conference agenda will cover the areas credit unions always want to hear about most: regulatory and economic updates as well as investment and ALM strategies,” he said.

Eisel added that the event is “just the start” of First Carolina’s focus on serving Virginia-based credit unions.

In addition to financial strategies presented by First Carolina staff, the conference agenda also includes an economic update from NCUA economist Ralph Monaco and a regulatory update from NCUA Supervisory Examiner Gail White-Moore.

Registration is open to credit union CEOs, CFOs, volunteers and staff members at a cost of $40 per person. According to a First Carolina release, the event will earn CPAs five Continuing Professional Education credits.

First Carolina is also planning for its annual meeting, scheduled for April 12 at Kingston Plantation in Myrtle Beach, S.C.

According to its December 2012 5310 report, the 240-member corporate reported a $691,210 net profit for the year.